Law firm Stephenson Harwood has advised the shareholders of Lilley Plummer Risks on its sale to Goldman Sachs-backed insurance intermediary, The Clear Group.
Lilley Plummer Risks is a specialist Lloyd's marine and property insurance broker. The deal values Lilley Plummer Risks at £76 million. The firm acted for shareholders Stuart Lilley, Dan Plummer, and specialist venture capital investor B.P. Marsh & Partners Plc, and also advised the management team on their reinvestment into The Clear Group. The management team will continue to lead the company with the support from The Clear Group and its majority investor Goldman Sachs Asset Management.
The cross-practice team was led by corporate partner Sam Gray, supported by managing associate Gerald Seeto, and associates Adrian Moss, Samuel Tyler and Alexander Goodman. Further support was provided by tax and incentives partners Nicholas Stretch and Shofiq Miah and managing associate Byul McPhee; employment partner Richard Freeman, managing associate Laura Anderson and associate Katie Woods; and regulatory partner William Robertson and associate Poppie Bouch.
